This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
2-bedroom, 3-bathroom apartment of 107 m², energy rating C. Located Conceição e Estoi parish, Faro municipality, Faro district. Noteworthy Features: The apartment boasts a spacious open-concept living area designed for entertaining, complemented by integrated BOSCH kitchen appliances that maximize both efficiency and aesthetic appeal.
The valuation. The asking price of €369,500 is very close to the fair value of €371,095, with a slight difference of €1,595 (0.4%). This property is reasonably priced at fair market value. Buy-to-flip angle. The strategy for resale involves renovating minor aesthetic aspects to appeal to buyers, capitalizing on the thriving real estate market in the Algarve region. Quick turnover is expected due to the property’s appealing features and location. Buy-to-let angle. The estimated rental income is around €862 per month, providing a gross yield of 2.8%, positioning the apartment well for long-term lease agreements. The demand for long-term rentals in this mixed neighborhood supports stable income potential.
Fair value modelled at €371,095 from 6 comparable sales in the area. Asking €369,500 sits €1,595 (0.4%) below — the upside to fair value.
Asking €369,500 versus the Conceição e Estoi, Faro, Faro area baseline of €263,431 (€2,462/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €263,431, adjusted for condition and micro-location, gives a modelled fair value of €371,095 (€3,468/m²), a €1,595 (0.4%) gap versus the €369,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Conceição e Estoi · 0c04e5 | Subject | €369,500 | €3,453 | — | 85 | 60 |
| Conceição e Estoi · 6a914d | Active | €265,000 | €3,681 | 6.6% | 80 | 60 |
| autoestrada EM516 | Active | €450,000 | €3,285 | 4.9% | 72 | 74 |
| Conceição e Estoi · 956b36 | Active | €325,000 | €3,652 | 5.7% | 74 | 65 |
| Conceição e Estoi · de0ac7 | Active | €229,900 | €2,804 | 18.8% | 65 | 53 |
| Median comp | €295,000 | €3,469 | 0.4% | 73 | 63 |
Short-term vacation rental The property’s location in the less urbanized Algarve regions makes it suitable for short-term vacation rentals, tapping into the tourism-driven economy. However, with a gross yield of 2.8% and a fair value gap of just 0.4%, it may not provide significant returns compared to other opportunities. Long-term rental As a long-term rental, this apartment in Conceição e Estoi presents an average yield of 2.8%, indicating a modest income potential relative to its fair value. Despite the decent condition rating of 82/100, the neighborhood score of 60/100 suggests that attracting high-quality tenants could be challenging. Buy-and-hold Investing in this 2-bed apartment as a buy-and-hold strategy may not be ideal given its current valuation at €369,500, which is very close to the fair value of €371,095. The modest yield and the neighborhood's average amenities could limit capital appreciation over time.
Economic and Tenant Instability With both economic and tenant stability scores at 55/100, there is a heightened risk of fluctuating demand and potential vacancies, which could affect cash flow and overall investment returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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